Former FTX US President Brett Harrison to Launch "Perpetual Contracts" Trading Platform for Stocks and Forex

On October 29, according to Bloomberg, Architect Financial Technologies, a startup founded by former FTX US president Brett Harrison, has received approval from the Bermuda Monetary Authority and plans to launch a perpetual futures trading platform called "AX". This platform will introduce the crypto derivatives mechanism to traditional asset classes such as stocks, foreign exchange, interest rates, and commodities. Harrison stated that the platform will support 24/7 trading and accept both fiat currencies and USD stablecoins as margin, aiming to overcome the limitations of traditional settlement systems. In the future, the company also plans to launch perpetual contracts covering AI economy-related assets, such as rare earths, renewable energy, and data center computing power costs. Architect is headquartered in Chicago and is currently conducting a Series A funding round, having already received investments from an exchange, Circle Ventures, and Anthony Scaramucci's SALT Fund. Harrison noted that the regulatory environment in the US market is becoming more relaxed, and perpetual futures are expected to usher in new opportunities in the traditional finance sector.